The number of immigrant workers in the US has dramatically increased in the past three years. Please use the IS-LM model framework to analyze the impact of increasing immigrant workers in the short run and in the long run. For the short-run, there should be one graph for the labor market, one for the goods market, and one for the asset market, and one IS-LM graph showing how FE/IS/LM curves shift. For the long-run, you should clearly indicate how price would change, and how this change affects the asset market equilibrium (usage of the asset market graph), and the all three markets together (usage of the IS-LM graph). Please identify both the short-term and long-term impact on the real interest rate and the output level. You should also explain in words on how different outcome variables are affected in the short term and in the long term. Total 6 graphs and add descriptions Figure 1: Labor market short-term effectsFigure 2: Goods market short-term effect Figure 3: Asset market short-term effectFigure 4: Short-term effects of increased government spendingFigure 5: Asset market long-term effectFigure 6: Long-term effects of increased government spending
The number of immigrant workers in the US has dramatically increased in the past three years. Please use the IS-LM model framework to analyze the impact of increasing immigrant workers in the short run and in the long run.
For the short-run, there should be one graph for the labor market, one for the goods market, and one for the asset market, and one IS-LM graph showing how FE/IS/LM
For the long-run, you should clearly indicate how price would change, and how this change affects the asset
Please identify both the short-term and long-term impact on the real interest rate and the output level. You should also explain in words on how different outcome variables are affected in the short term and in the long term.
Total 6 graphs and add descriptions
Figure 1: Labor market short-term effects
Figure 2: Goods market short-term effect
Figure 3: Asset market short-term effect
Figure 4: Short-term effects of increased government spending
Figure 5: Asset market long-term effect
Figure 6: Long-term effects of increased government spending
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